CWA Asset Management Group LLC Takes Position in SITE Centers Corp. (NYSE:SITC)

CWA Asset Management Group LLC bought a new position in SITE Centers Corp. (NYSE:SITC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 39,616 shares of the company's stock, valued at approximately $606,000. CWA Asset Management Group LLC owned 0.08% of SITE Centers as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of SITC. Arizona State Retirement System raised its position in shares of SITE Centers by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,749 shares of the company's stock valued at $765,000 after purchasing an additional 976 shares during the period. Vestcor Inc bought a new stake in SITE Centers during the third quarter valued at about $95,000. The Manufacturers Life Insurance Company lifted its position in shares of SITE Centers by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 104,138 shares of the company's stock valued at $1,510,000 after acquiring an additional 1,751 shares in the last quarter. Quarry LP boosted its stake in shares of SITE Centers by 503.9% in the second quarter. Quarry LP now owns 3,424 shares of the company's stock worth $50,000 after acquiring an additional 2,857 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of SITE Centers during the third quarter worth about $202,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Dawn M. Sweeney sold 3,768 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.54, for a total transaction of $58,554.72. Following the transaction, the director now directly owns 29,082 shares of the company's stock, valued at approximately $451,934.28. This trade represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John M. Cattonar sold 8,794 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $133,844.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,457 shares of company stock valued at $2,791,693. Company insiders own 10.10% of the company's stock.

SITE Centers Trading Down 1.4 %

NYSE SITC traded down $0.21 during trading hours on Thursday, hitting $14.94. 1,128,453 shares of the company were exchanged, compared to its average volume of 990,011. SITE Centers Corp. has a 52 week low of $14.74 and a 52 week high of $64.44. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $15.56 and a 200 day moving average price of $87.86. The stock has a market cap of $783.30 million, a PE ratio of 1.09 and a beta of 1.61.

SITE Centers (NYSE:SITC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $6.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $5.20. The firm had revenue of $89.43 million for the quarter, compared to the consensus estimate of $104.55 million. SITE Centers had a return on equity of 34.20% and a net margin of 164.10%. The company's revenue for the quarter was down 37.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. Analysts forecast that SITE Centers Corp. will post 3.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on SITC shares. Stifel Nicolaus upped their price target on SITE Centers from $65.00 to $65.25 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Wells Fargo & Company lowered shares of SITE Centers from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $68.00 to $19.00 in a research report on Wednesday, October 2nd. KeyCorp reiterated a "sector weight" rating on shares of SITE Centers in a report on Monday, October 7th. Morgan Stanley increased their price objective on shares of SITE Centers from $56.00 to $57.00 and gave the company an "equal weight" rating in a report on Monday, September 30th. Finally, StockNews.com assumed coverage on SITE Centers in a report on Wednesday, December 4th. They issued a "hold" rating on the stock. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.04.

SITE Centers Profile

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.